Determination of Income and Employment

1) A person pays 20 percent of his income as tax. If income is 2000, find out disposable income?

2) Give to increase in income from 1000 to 1500, consumption has increased from 750 to 1000. Find out MPC?

3) Average propensity to consume (APC) equal to :

4) Consumption depends on

5) Consumption function is a functional relationship between:

6) Propensity to consume means:

7) Given that consumption is 500 and income in 2000. Find out APC?

8) If increase in National Income is equal to increase in Savings, the value of Marginal propensity to Consume would be ___________.

9) Total income is same as disposable income if

10) Which of the following indicates AD in an open economy?